Formula Grant 00E03285

DESCRIPTION:SECTION 1452 OF THE SAFE DRINKING WATER ACT (SDWA) AUTHORIZES THE STATE TO UTILIZE FUNDS TO FURTHER THE HEALTH PROTECTION OBJECTIVES OF THE SDWA. THIS AGREEMENT WILL PROVIDE FUNDS, AUTHORIZED BY THE INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) (PL 117-58), TO CAPITALIZE THE RECIPIENT'S DRINKING WATER STATE REVOLVING FUND (DWSRF) TO PROVIDE LOW INTEREST FINANCING FOR COSTS ASSOCIATED WITH THE PLANNING, DESIGN AND CONSTRUCTION OF ELIGIBLE DRINKING WATER IMPROVEMENT PROJECTS AND ACTIVITIES TO PROTECT HUMAN HEALTH. AS PART OF THIS AGREEMENT, THE RECIPIENT ENSURES COMPLIANCE WITH FEDERAL AND STATE REGULATIONS, WHICH ARE DESIGNED TO PROTECT PUBLIC HEALTH.ACTIVITIES:THE BULK OF THE SRF WILL BE USED FOR LOANS AND OTHER AUTHORIZED ASSISTANCE TO PUBLIC WATER SYSTEMS FOR ELIGIBLE PROJECTS, INCLUDING IMPROVING DRINKING WATER TREATMENT, FIXING LEAKY OR OLD PIPES (WATER DISTRIBUTION), IMPROVING SOURCE OF WATER SUPPLY, REPLACING OR CONSTRUCTING FINISHED WATER STORAGE TANKS, AND OTHER INFRASTRUCTURE PROJECTS NEEDED TO PROTECT PUBLIC HEALTH. THE RECIPIENT MAY ALSO USE SOME OF THE FUNDING FOR SPECIFIC 'SET-ASIDES'; TO PROVIDE TECHNICAL ASSISTANCE TO SMALL SYSTEMS, PROGRAM ADMINISTRATION, STATE PROGRAM MANAGEMENT AND OTHER ALLOWABLE USES.SUBRECIPIENT:THE DRINKING WATER SRF PROGRAM IS EXEMPT FROM 2 CFR 200.332 SUBRECIPIENT MANAGEMENT REQUIREMENTS FOR SUB-AWARDS AS PROVIDED IN 2 CFR 1500. THE PROGRAM PROVIDES ASSISTANCE IN THE FORM OF LOANS. OF THIS GRANT AMOUNT, MICHIGAN EGLE WILL FUND $46,818,080 IN LOANS IN THEIR INTENDED USE PLAN AND A TOTAL OF $1,766,720 IN SET-ASIDES.OUTCOMES:THE BENEFITS OF THIS GRANT WILL BE TO CAPITALIZE THE RECIPIENT'S DWSRF. THE FUND CAN THEN BE USED TO INCREASE TECHNICAL, FINANCIAL AND MANAGERIAL CAPACITY OF PUBLIC WATER SYSTEMS, AND PROVIDE ASSURANCE OF A CLEANER AND SAFER POTABLE WATER SUPPLY BY FUNDING IMPROVEMENTS TO MULTIPLE WATER INFRASTRUCTURE PROJECTS. THESE PUBLIC HEALTH BENEFITS WILL BE STATEWIDE.